Home National Asian Development Bank to provide $15 Million as grant assistance

Asian Development Bank to provide $15 Million as grant assistance

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$15M for the Disaster Risk Reduction and Livelihood Restoration to Government of Nepal

Kathmandu, Dec 8: The Asian Development Bank (ADB) has agreed to provide 15 million US dollars grant assistance from the Japan Fund for Poverty Reduction (JFPR) to the Government of Nepal for the Disaster Risk Reduction and Livelihood Restoration for Earthquake affected communities.

The JFPR is a fund set up by the government of Japan and managed by ADB.

The grant agreement in this connection was signed today by Lok Darshan Regmi, secretary at the Ministry of Finance and Kenichi Yogoyama, Country Director of Nepal Residence Mission, ADB, in the Ministry on the behalf of Government of Nepal and ADB respectively.

The objectives of the project are to help restore the disrupted livelihoods and schooling in the poor and severely earthquake-affected communities, and strengthen their resilience against future disaster.

The project will be implemented in 14 districts- Gorkha, Dhading, Nuwakot, Rasuwa, Sindhupalchowk, Kathmandu, Lalitpur, Bhaktapur, Kavrepalanchowk, Dolakha, Solukhumbu, Okhaldhunga, Sindhuli and Makawanpur. RSS

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